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Injective platform integrates PYUSD, marking a milestone in blockchain stability

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Injective, a well-known first-tier blockchain platform, has recently integrated PYUSD, marking a significant milestone. This move makes Injective one of the first L1 platforms to support this stablecoin, developed through a collaboration between PayPal and Paxos, which maintains a 1:1 ratio with the US dollar. This integration underscores Injective’s commitment to offering secure and stable transaction options, enhancing its dApps’ functionality. Users can now engage in transactions, trading, and DeFi activities with a reliable and stable medium anchored to USD, addressing the volatility typically associated with cryptocurrencies.

The integration of PYUSD into Injective is poised to significantly improve the user experience by providing a stable currency for transactions. Unlike traditional cryptocurrencies, which are subject to market price fluctuations, PYUSD helps mitigate these uncertainties, making it more practical for users to conduct various financial operations using blockchain technology in their daily lives. This development demonstrates Injective’s dedication to progress and meeting the demands of its users within the blockchain space.

Additionally, PYUSD’s presence on the Injective platform is likely to expand user engagement and reach a broader audience. This is particularly beneficial for individuals who are wary of the volatility associated with other cryptocurrencies. PYUSD facilitates smoother transactions and exchanges across different blockchain networks, including Ethereum and Solana, which dominate significant market shares.

Incorporating PYUSD in the Injective ecosystem highlights the platform’s commitment to merging traditional financial stability with the innovative potential of decentralized finance (DeFi). This move sets a precedent for other major blockchains, indicating that further integrations of stablecoins are on the horizon. This blend of traditional and cutting-edge financial technologies promises to enhance the practicality and appeal of blockchain networks for everyday financial operations.

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Source: cryptonewsz.com

The post Injective platform integrates PYUSD, marking a milestone in blockchain stability appeared first on HIPTHER Alerts.

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Blockchain

Bybit Invites Traders to Embark on a Token Treasure Hunt

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Bybit Invites Traders to Embark on a Token Treasure Hunt

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Blockchain

India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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Blockchain

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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